NEWS & EVENTS

Press Releases

November 4-6, 2018:

Montana Analytics will be attending the 2018 RMA Annual Risk Management Conference, November 4-6, 2018 in National Harbor, MD.  This conference will focus on CECL and life-of-loan modeling for application to ALLL.  We will be discussing our work with analytical methods and sharing experiences with banking clients.

September 22nd – 24th, 2014:

Montana Analytics is pleased to announce that Managing Partner, Clayton Botkin will be a guest speaker at the DFA Stress Test and Model Risk Conference in Miami Florida, September 22nd – 24th 2014. The main topic of the presentation will be Validating Credit Risk Models, a case study based on insight from recent work with numerous Banks involved in the new Stress Testing environment. “Our experience with the expanding demands on risk models and the rapidly changing environment enables our team to provide consistent and effective challenge during independent validation examinations” stated Mr. Botkin.
The discussion will also include their work on the methods and techniques utilized to evaluate credit risk models and sensitivity to macroeconomic factors in the Federal Reserve scenarios.  Finally, he will describe several of their delivered solutions that benchmark critical outputs such as loan losses. “We have become nationally recognized due to our high level of consistent attention, expertise and commitment in providing strong results for organizations dealing with risk quantification and model risk management,” he continued.

Montana Analytics is a professional services firm focused on delivering innovative solutions to leading financial firms in quantitative modeling and risk analytics for all types of mortgage and ABS assets.  The company has successfully served the financial services industry since 2002 with innovative risk modeling solutions.

The company is noted for having invested over eight years developing a comprehensive Model Validation Program that meets FHFA and OCC regulatory guidance.  This Program is built from their experience developing and implementing a comprehensive Model Risk Management Program including all facets of risk oversight, policy development, risk ranking and technical model validation with coordination across numerous business units.

The company’s clients include both large and small firms spanning from hedge funds, to depository institutions (banks, thrifts and credit unions), FHLBanks, mortgage bankers and GSE’s.

 

March 24th – 26th, 2014:

Montana Analytics is pleased to announce that Managing Partner, Clayton Botkin, and Managing Director, Jim Van Osten, will be guest speakers at the first annual Model Validation, Governance and Audit Conference in Miami Florida, March 24th – 26th 2014. The main topic of the presentation will be Model Risk Management and Validation of Vendor Models, a workshop based on insight from recent work across numerous vendor models for several Banks. “Our experience working through the challenges of a variety of vendor software packages enables our team to provide consistent and effective challenge during independent validation examinations” stated Mr. Botkin.
The discussion will also include their work on the many details and methods utilized to evaluate a variety of balance sheet assets.  Finally, they will describe several of their delivered solutions that benchmark critical outputs such as loan losses. “We have become nationally recognized due to our high level of consistent attention, expertise and commitment in providing strong results for organizations dealing with risk quantification and model risk management,” he continued.

Montana Analytics is a professional services firm focused on delivering innovative solutions to leading financial firms in quantitative modeling and risk analytics for all types of mortgage and ABS assets.  The company has successfully served the financial services industry since 2002 with innovative risk modeling solutions.

The company is noted for having invested over eight years developing a comprehensive Model Validation Program that meets FHFA and OCC regulatory guidance.  This Program is built from their experience developing and implementing a comprehensive Model Risk Management Program including all facets of risk oversight, policy development, risk ranking and technical model validation with coordination across numerous business units.

The company’s clients include both large and small firms spanning from hedge funds, to depository institutions (banks, thrifts and credit unions), FHL Banks, mortgage bankers and GSE’s.

 

June 10, 2013:

Montana Analytics is pleased to announce an active role in performing comprehensive Model Validation examinations of CCAR/DFAST Stress Testing models. Our Model Risk Management Service continues to provide effective challenge for Stress Testing models using leading practices. The company’s efforts have been focused on validation and analysis of a variety of risk models and full attention and compliance with OCC and Fed regulatory requirements. Projects have been based on our proprietary Model Validation Program, first established in 2006.

The Model Validation Program covers numerous categories of model risk and examines multiple areas of specific testing through the use of proprietary Test Cases. This includes data and assumptions management, theoretical design, mathematical testing, model performance assessment, backtesting and benchmarking. Stress testing analysis includes a variety of work steps covering everything from sensitivity to macroeconomic factors to examining Fed scenario results. The examination produces detailed and transparent evidence and summarizes objective determinations of model risk, weaknesses and recommendations.

Since 1998, Montana Analytics team members have been either deploying and using vendor models in a portfolio risk management capacity or have been examining and validating these models for client projects as well as working directly with some of the vendor modeling teams. Software programs utilized include: Andrew Davidson Loan Dynamics, AdCo Prepayment, AFT, FSI’s Fin-Scope, Core Logic’s Loan Performance Risk Model, MIAC, PolyPaths, QRM, S&P Levels, Wall Street Analytics (WSA), and ZMdesk.

Montana Analytics was founded by mortgage industry veterans in 2002 and is exclusively focused on mortgage and consumer loan analytics. The firm has expertise in all the risk management disciplines within the mortgage and capital markets space including origination decisions, credit and market risk management, trade-desk analytics and econometrics. Montana Analytics senior professionals have a combined 60 years of experience leading and managing groups in the nation’s largest and most advanced finance companies. The company’s clients include both large and small firms spanning from hedge funds, to depository institutions (banks, thrifts and credit unions), FHLBanks, mortgage bankers, US Government agencies and GSE’s.

February 27, 2012:

Montana Analytics is pleased to announce that Managing Partner, Clayton Botkin, will be the guest speaker at the third annual Secured Lending Conference, hosted by the Mortgage Industry Advisory Council on March 8th, at the Phoenician Resort in Scottsdale, Arizona. The main topic of the presentation will be Model Risk Management and Model Validation, including insight based on recent validation work for several Banks. “Our comprehensive FHFA/OCC compliant Model Validation program continues to receive accolades for its rigorous and transparent testing methodology,” stated Mr. Botkin.

The discussion will also include their work on an ERM Model Risk Management Program at other FHLBs and similar institutions. Finally, they will describe several of their delivered solutions that benchmark critical outputs such as loan losses. “We have become nationally recognized due to our high level of consistent attention, expertise and commitment in providing strong results for organizations dealing with risk quantification and model risk management,” he continued.

Montana Analytics is a professional services firm focused on delivering innovative solutions to leading financial firms in quantitative modeling and risk analytics for all types of mortgage and ABS assets.  The company has successfully served the financial services industry since 2002 with innovative risk modeling solutions.

Drawing upon the deep experience of a staff with a combined 110 years of industry service, the firm provides impartial and innovative solutions to analytical challenges in risk management.  The staff is highly experienced in credit and loss default modeling. In the past twelve years, the firm has successfully completed a variety of complex projects and model validations with a number of Federal Home Loan Banks and a variety of Banking and financial services firms.

The company is noted for having invested over eight years developing a comprehensive Model Validation Program that meets FHFA and OCC regulatory guidance.  This Program is built from their experience developing and implementing a comprehensive Model Risk Management Program including all facets of risk oversight, policy development, risk ranking and technical model validation with coordination across numerous business units.

The company’s clients include both large and small firms spanning from hedge funds, to depository institutions (banks, thrifts and credit unions), FHLBanks, mortgage bankers and GSE’s.

May 29, 2010:

Montana Analytics is pleased to announce the release of an updated rigorous independent Model Validation Program which serves as a compliment to their Model Risk Management advisory services. The company’s efforts have been focused on comprehensive analysis of a variety of risk models and full attention and compliance with OCC and FHFA regulatory requirements.  

The Model Validation Program covers numerous categories of model risk and examines multiple areas of specific testing through the use of proprietary Test Cases.  This includes data and assumptions management, theoretical design, mathematical testing, model performance assessment, backtesting and benchmarking.  The examination produces detailed and transparent evidence and summarizes objective determinations of model risk, weaknesses and recommendations.

Validation of external models includes many tools used in MBS portfolio analytics. Since 1998, Montana Analytics team members have been either deploying and using vendor models in a portfolio risk management capacity or have been examining and validating these models for client projects as well as working directly with some of the vendor modeling teams. Software programs utilized include: Andrew Davidson Loan Dynamics, AdCo Prepayment, AFT, FSI’s Fin-Scope, Core Logic’s Loan Performance Risk Model, MIAC, PolyPaths, QRM, S&P Levels, Wall Street Analytics (WSA), and ZMdesk. 

“The Montana Analytics team consistently provided high-quality work that is unparalleled by other Model Validation firms I have worked with. The depth of knowledge present within this organization results in a comprehensive and detailed end-product. These factors, along with consistent and personable service make working with them a wonderful experience,” states client Benjamin Lee, Manager, Valuation and Hedge Accounting at FHLB Pittsburgh.

Montana Analytics was founded by mortgage industry veterans in 2002 and is exclusively focused on mortgage and consumer loan analytics. The firm has expertise in all the risk management disciplines within the mortgage and capital markets space including origination decisions, credit and market risk management, trade-desk analytics and econometrics. Montana Analytics senior professionals have a combined 60 years of experience leading and managing groups in the nation’s largest and most advanced finance companies. The company’s clients include both large and small firms spanning from hedge funds, to depository institutions (banks, thrifts and credit unions), FHLBanks, mortgage bankers, US Government agencies and GSE’s.

April 12, 2006:

Montana Analytics announces the release of its Model Risk Management Program for Banks, Credit Unions, Thrifts and Financial Service entities. The company’s focus on comprehensive and rigorous analysis of a variety of risks models with full attention and compliance with regulatory requirements has culminated in the development and deployment of the new Program. Designed as a complete enterprise risk management system for a large Financial Services (mortgage aggregator) company, the new program is a continuation of custom solutions designed for today’s complex industry. The firm also provides Model Risk Management advisory services as well as independent Model Validation across the industry.

The company’s experience with models includes a broad array of internal and external (vendor) applications.  Internally developed models cover all aspects of mortgage decisions, pricing, hedging, portfolio risk and loan servicing management.  A key focus has been on critical risk systems that compute accounting valuations for risky assets including retained portfolio loans and securities.  “Our work spans from policy development and single model risk assessments to independent numerical examination of complex statistical models,” states Clayton J. Botkin, founder of the company.

The company’s Model Risk Management services include:

  • Model Risk Management Program Design and Implementation
  • Corporate Model Policy
  • Coordination with Business Units
  • Risk Ranking Models
  • Coordination of internal/external Model Review
  • Independent Model Validation
  • Comprehensive program meets OCC and FHFA 2009 AB-03 guidance
  • Benchmarking, Backtesting, Performance Monitoring
  • Liaison with Regulators as needed

Montana Analytics was founded by mortgage industry veterans in 2002 and is exclusively focused on mortgage and consumer loan analytics.  The small firm has expertise in all the risk management disciplines within the mortgage and capital markets space including origination decisions, credit and market risk management, trade-desk analytics and econometrics.  Montana Analytics senior professionals average more than 20-years of experience leading and managing groups in the nation’s largest and most advanced finance companies.  The company’s clients include both large and small firms spanning from hedge funds, to depository institutions (banks, thrifts and credit unions), FHLBanks, mortgage bankers, US Government agencies and GSE’s.